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not until the Chapter 11 is resolved.
This will take time
I guess we need to wait for the plan to be filed...
TIL that Delta and American air are toast
nobody said it's a good thing - it IS survivable
Was it good what the Chapter 11 filing did for Delta Air and American Air?
full disclosure - my experience is Chapter 7 and 13 bankruptcies
full disclosure - my experience is Chapter 7 and 13 bankruptcies
yes it does
they are pursuing reorganization.
I'm a bankruptcy attorney, I just looked the case up on PACER...
ok guys. Bankruptcy is still in its infancy (BK case number 16-62537 - Northern District of Georgia).
No Chapter 11 plan is filed yet, but motions to allow use of cash collateral and pay compensation show that the company is intending a reorganization and is planning on leaving bankruptcy stronger than ever.
A company can file two types of bankruptcies - Chapter 7 and Chapter 11. A 7 is a total liquidation - there is no discharge, the company simply dissolves.
This is not what is going on here.
There are two types of Chapter 11s - liquidation/wind down and reorganization. In a wind down, the company uses the process for an orderly liquidation - somewhat rare because the 7 is available. A reorganization is the most likely - we will not know the plan until the Chapter 11 plan is filed. This is not the end of the world - plenty of successful companies have filed Chapter 11s.
It's not GREAT news, but it might end up benefiting TALK.
Only time will tell.
to each their own.
WAY too many people in California
you know, not everybody lives in a metropolitan hellhole...
from my house, I can reach 3 different stores where I can get cell phones in less than 15 minutes...
probably more, but I am just listing the 3 i have been to.
Of all of the phones I have bought, only the first was ordered off the carrier's site. Every other phone I bought from a brick and mortar store.
I'm excited
obviously the amount it sold for is not earth shattering - I want to see what it does to their deficit.
Is this company still alive?
This company has been around for 15 + years, opened with a price of 15.00, went up to 22.00 or so. they raised 70 mil or so as I recall. Burned through that pretty quickly ( 5 or so years), begged, borrowed, and ???
They have consistently gone nowhere but DOWN! , just stating facts.
They were delisted, came back onto Nasdaq with a 6 to 1 reverse if I remember correctly and have repeated their previous performance, DOWN!!. I'm just stating facts here. They've miraculously jumped to a high of 3.75 in the last 52 weeks with smoke and mirrors that seem to be as magical as their technology. But quickly rescinded to their typical placement which is currently at 60 or so cents. One would think that after the amount of money they've burned through, and the time they have had, they would've either produced a viable product or at leats something close to a positive cash flow
Looks like TBIO is current but hovering - NASDAQ will be lost
aaaaaaaand back down to 9s
yes
unsure what it means, but it's out
This makes sense
I think management's ambition is to go above $.10 to be uplisted but that will take time.
I was just thinking that
I think she's actually married
Tbio is dying
so ... is there just no movement?
As long as there is a plan.
sounds good
FILE THE 10_Q
ok, I am getting frustrated
what does that mean?
And a 10-q
man, I hope so
and 10-Q
so, we just need the 10-Q to be current, right?
sounds good
man, I hope so
we just need to be patient. UMS/CPD did this merger for a reason. They want and need a higher pps. Once current with the PRs to explain the path forward this will fly.
I think it was a couple of things. We expected fins in the $20+ million range. So a lot were shocked at the much lower figure and then omitted lawsuits.
Confidence was shaken.
And yes, one or two longs left.
You just have to keep in mind that CPD had ONE bad year that was the result of probably growing too fast. The lawsuits were the result of that bad year. the new TALK still has the same amazing plans.
good close
decent volume. How's the L2?
yeah, that hurt